How Can You Improve Your Decision-Making Skills?

Our fast-paced world can make it hard to decide when you need to, especially If you’re feeling the crunch. Whether you’re just beginning your career or business or are already established in your field, your decision-making skills can distinguish you from your peers.

Here’s a list of tips for honing your decision-making skills to gain that extra edge.

1. Never Stop Learning

A deep, expansive knowledge base can provide context and insight when making decisions. Become a subject-matter expert for your expertise, but never stop there. There are endless learning opportunities that can give you insight. You never know what advantage more knowledge will give to you.

2. Develop Your Intuition

Trusting your gut is tempting, but developing the intuition guiding it first is important. Your ability to detect truths and acquire insight immediately can be more powerful the more you become aware of it.

3. Make Decisions Deliberately Decision-Making

Famed investor Ray Dalio praises the benefits of deliberate decision-making. You can reap the benefits of making a carefully considered decision on your terms by creating a system to support it. This approach can give you clarity even in the toughest times.

4. Learn from Your Failures

Gary Vaynerchuk (@garyvee), an entrepreneur, emphasizes the power of making fast decisions when you’re not afraid to fail. You can approach new decisions confidently and take full advantage of your opportunities by embracing the potential to fail.

5. Embrace Imperfection

You may have to make some messy decisions. But if you accept that you may have to do this, you can overcome analysis paralysis. Taking the plunge with the best information can help you keep moving forward.

6. Learn Over Your Whole Life

Learning continuously can open you up to new perspectives and the ability to make more considered decisions. With a broader perspective, you can decide with creativity and insight.

7. Practice, Practice, Practice!

Your decision-making abilities are like a muscle. The more you practice making decisions, the better you’ll be able to perform. Look at your opportunity to improve your skills with each new decision.

8. Know Your ‘Why’

Why are you making a decision? Thinking strategically about your goals can help you understand your motivations for a course of action. With this approach, your decisions can become more intentional.

9. Consider the Pros and Cons

Write down the pros and cons of a certain decision. This can help to quiet your mind and clear the noise, allowing you to consider your options carefully. You can also think about what effects either decision might have.

10. Watch and Learn

Watch the actions of others, especially those in similar situations to yours. You can gain knowledge from their experience while saving yourself trouble.

Developing Your Decision-Making: What’s Next?

Technology can aid and streamline our decision-making like never before. Our new app utilizes the latest technology to give you a digital advisor to aid your decisions.

It provides a framework that you can use to make decisions and guides a vast trove of historical data. This tool can offer invaluable guidance in your most critical times, when you’re thinking about the long-term, or when you just need a way to get feedback on your thinking. With this app, you can make better decisions anywhere.

Find out more about our app in our welcome post or check out the blog’s start page, where we’ll be adding more posts like this.

Reference

The Quora answers to the question “How can I improve my decision-making skills?” inspired the post.